400 Technology Dr. Hooksett, NH
AMZN Leased Overflow Parking Lot | Hooksett, NH
Marketing description
STRATEGIC AMAZON LOCATION WITH ABUNDANCE OF AMENITIES
►GREAT FREEWAY ACCESSIBILITY | Located at the interchange of Interstate-293 and Interstate-93, the property sits at the border of Hooksett and Manchester. The adjacent distribution center serves both Manchester and Concord and provides immediate accessibility to both customer bases.
►RETAIL AND INDUSTRIAL AMENITIES | The property is surrounded by a variety of retail amenities with big brand retailers such as Kohls, Petco, Target, Walmart Supercenter, Bass Pro Shops and The Home Depot. Situated in a strong industrial corridor with the likes of Amazon distribution center, GE Aviation and Eversource to name a few.
►STRONG NORTHEAST DEMOS | The property has a 5-mile population base of ±108,800 people containing an average household income of ±$110,000.
Investment highlights
AMAZON LEASED OVERFLOW PARKING LOT
►INCREDIBLE INVESTMENT OFFERING | The property presents the opportunity to own STNL parking lot leased to one of the world’s biggest companies, Amazon. Amazon leased the 12-acre site as an overflow parking lot for employee parking and vehicle storage to service their distribution facility across the street.
►INVESTMENT GRADE TENANCY | Amazon ranks #2 in the United States on the Fortune 500 list and maintains a Moody’s A1 Credit Rating. The lease contains a limited parent guarantee.
►HIGHLY IMPROVED | The property received significant improvements to turn-key the site for Amazon’s use. These improvements, totaling ±$5.7 million, covered sewer/drainage, landscaping, paving, lighting, building the office, retaining wall, and fencing, to name a few. Additionally, Amazon plans to invest another ±$400,000 to add additional bathrooms and storage to the office space.
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